lease deposit

Lease deposits have three components: Rental, Security and Incidental. Each are processed differently and each is displayed in a different ledger for reporting. The ledger reports by transaction code and activity. Often a single payment is made for the deposit. This payment and any associated fee must be split between the ledgers. Lease Incidental Deposits are not displayed in the advance deposit ledger. Lease Deposits do not have Tax, but can have card fees.